Nonprofit · EIN 38-1461385
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 311 ALPENA ALCONA AREA CREDIT UNION, MEA Retired Region 14A
Tax-exempt · ALPENA, MI 49707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $50,013,838 | $39,278,359 | $10,735,479 | $861,392,444 | $762,946,717 | $98,445,727 |
| December 31, 2023 | 990 | $39,576,447 | $29,713,145 | $9,863,302 | $775,495,270 | $687,846,478 | $87,648,792 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $35,878,227
- Investment income
- $13,947,077
- Net gain from sales of assets
- -$52,434
- Other revenue
- $188,534
Expenses
- Grants and similar amounts paid
- $25,000
- Compensation of officers, directors and key employees
- $982,580
- Other salaries and wages
- $7,082,123
- Salaries, compensation and benefits (total)
- $11,296,552
- Professional fundraising fees
- $0
- Legal fees
- $26,635
- Accounting fees
- $61,760
- Occupancy
- $376,899
- Travel
- $37,022
- Depreciation
- $552,458
Balance sheet and other
- Total assets, start of year
- $775,495,270
- Total assets, end of year
- $861,392,444
- Total liabilities, end of year
- $762,946,717
- Net assets, end of year
- $98,445,727
- Land, buildings and equipment
- $6,647,215
- Gross unrelated business income
- $48,288
- Gross receipts
- $50,284,698
- Employees
- 177
- Volunteers
- 15
- Year formed
- 1953
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD J MILLS | PRESIDENT/CEO Officer | 40 | $548,662 | $302,674 |
| BARBARA MILLS | CXO Highest-paid employee | 40 | $236,207 | $30,392 |
| ANNAH ORBAN | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $201,858 | $42,174 |
| ANGELA SZATKOWSKI | COO Highest-paid employee | 40 | $209,165 | $28,516 |
| SHEILA LING | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $137,517 | $22,532 |
| JEROME SCHMIDT | COMMERCIAL LOAN OFFICER Highest-paid employee | 40 | $137,087 | $22,905 |
| JAMIE QUICK | DIRECTOR OF ACCOUNTING Officer | 40 | $114,194 | $17,050 |
| CHARLIE NEGRO | CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| SHEILA PANKNIN | VICE CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| TERRY NELKIE | TREASURER Trustee or director | 2 | $0 | $0 |
| BRIAN SHUMAKER | SECRETARY Trustee or director | 2 | $0 | $0 |
| MICHELLE CORNISH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANN MARTIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES MCNEIL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK DEVERS | ASSOCIATE BOARD MEMBER Trustee or director | 2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES GORMAN | ASSOCIATE BOARD MEMBER Trustee or director | 2 | $0 |
| SCOTT MCLENNAN | DIRECTOR Trustee or director | 2 | $0 |
| ANNE WIRGAU | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD J MILLS | PRESIDENT/CEO Officer | 40 | $734,615 | $62,182 |
| BARBARA MILLS | CXO Highest-paid employee | 40 | $362,637 | $17,623 |
| ANGELA SZATKOWSKI | COO Highest-paid employee | 40 | $188,405 | $25,322 |
| ANNAH ORBAN | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $175,606 | $32,036 |
| SHEILA LING | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $168,416 | $24,490 |
| JEROME SCHMIDT | COMMERCIAL LOAN OFFICER Highest-paid employee | 40 | $132,820 | $21,388 |
| JAMIE QUICK | DIRECTOR OF ACCOUNTING Officer | 40 | $100,592 | $14,743 |
| CHARLIE NEGRO | CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| SHEILA PANKNIN | VICE CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| TERRY NELKIE | TREASURER Trustee or director | 2 | $0 | $0 |
| BRIAN SHUMAKER | SECRETARY Trustee or director | 2 | $0 | $0 |
| MICHELLE CORNISH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANN MARTIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES MCNEIL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK DEVERS | ASSOCIATE BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAMES GORMAN | ASSOCIATE BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SCOTT MCLENNAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANNE WIRGAU | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 515, ALPENA, MI 49707-0515
- Mailing address (990-N for 2011)
- 452 W Baldwin, Alpena MI 48707
- Principal officer (990 for 2024)
- DONALD J MILLS, PO BOX 515, ALPENA, MI 49707
- Principal officer (990-N for 2011)
- Debra S Kruttlin, 4192 Cottontail Trl, Lincoln MI 48742
- Signed the 990
- DONALD J MILLS, PRESIDENT/CEO
- Phone
- (989) 356-3577
- Website
- WWW.AAACU.COM
- Return prepared by
- DOEREN MAYHEW
Mission
TO BE YOUR MOST TRUSTED AND VALUED FINANCIAL PARTNER. MEMBER PROMISE: WE PROMISE TO SIMPLIFY YOUR LIFE, WORK IN YOUR BEST INTEREST, AND BE YOUR ADVOCATE TO HELP ACHIEVE YOUR FINANCIAL NEEDS.
Program accomplishments
- PROVIDE 47,873 MEMBERS WITH REGULAR SAVINGS, PREFERRED SAVINGS, MONEY MARKET, SHARE DRAFTS, CHRISTMAS CLUB, VACATION CLUB, IRA, CERTIFICATES OF DEPOSIT, HEALTH SAVINGS AND ESCROW ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $755,411,000 AS OF DECEMBER 31, 2024.
- PROVIDE 32,534 LOANS INCLUDING HOME EQUITY, MORTGAGE, VEHICLE, LINE OF CREDIT, OVERDRAFT PROTECTION, SIGNATURE, CREDIT CARD AND COMMERCIAL LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $511,818,000 AS OF DECEMBER 31, 2024.
- OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, SAFE DEPOSIT BOXES, MONEY ORDERS/CASHIER'S CHECKS, OVERDRAFT PRIVILEGE, ONLINE/MOBILE BANKING SERVICES INCLUDING BILL PAY AND REMOTE DEPOSIT, FINANCIAL COUNSELING, IN-SCHOOL BRANCHES AND VARIOUS INSURANCE PROGRAMS TO ALL ELIGIBLE MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-1461385
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1359: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- Assets (IRS master file)
- $861,392,444
- Income (IRS master file)
- $50,284,698
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $50,013,838 | $39,278,359 | $861,392,444 | XML |
| 990 | December 2023 | $39,576,447 | $29,713,145 | $775,495,270 | XML |
| 990 | December 2022 | $23,924,797 | $17,253,819 | $575,272,399 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Debra S Kruttlin | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-1461385).
Questions about CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- What is the EIN of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN is 38-1461385.
- Is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2024 names DONALD J MILLS.
- Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2024 lists 18 people; 7 received compensation from the organization, the highest $548,662 (DONALD J MILLS, PRESIDENT/CEO).
- How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $50,013,838, expenses of $39,278,359 and total assets of $861,392,444 at year end.
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